Overview
- For Q3 FY26, consolidated revenue rose 42% year on year to Rs 10,343 crore and net profit increased about 90% to Rs 416 crore.
- The stock touched its upper circuit intraday and traded up roughly 12% to about Rs 425 on the BSE after the results.
- Motilal Oswal maintained a Buy rating with a Rs 600 target, citing a stronger studded mix, traction outside the South, asset‑light franchise scaling, and robust customer programmes.
- Management plans to repay Rs 150 crore in Q4, targeting around Rs 400 crore net debt by March 2026 and a net‑debt‑free position by FY27.
- Franchise revenue now contributes over half of sales, and overseas operations strengthened with international revenue up 38% to Rs 1,164 crore and PAT up 64% to Rs 12 crore.